France to Start Selling
Shares in Power Giant

The French government has decided to partially privatize El&eacute;ctricit&eacute; de France SA, braving union anger and taking an important step toward power market liberalization.

The transaction, expected to raise &euro;8 billion ($9.56 billion), was tailored to restore the balance sheet of what is the world's largest power company by production capacity. The new shares will be issued in a capital increase, raising...